Central Bank Act 1942

F335[F336[Bank] to give notice to regulated financial service provider with respect to inquiry.

33AP

33AP.—(1) Before holding an inquiry
under section 33AO, the
F336[Bank]
shall give notice in writing of the proposed
inquiry to the financial service provider
or other person concerned.

(2) The notice must—

(a) specify the grounds on which the
F336[Bank]’s suspicions
are based, and

(b) specify a date, time and place at
which the
F336[Bank]
will hold the inquiry, and

(c) invite the financial service provider or
person concerned either to attend
the inquiry or to make written submissions
about the matter to which
the inquiry relates.

(3) A regulated financial service provider
or other person concerned may, before the
date of the inquiry, lodge with the
F336[Bank] any written submissions that the
regulated financial service provider or person
wishes
F337[the Bank] to take into account
when considering the matter to which the
inquiry relates. This subsection applies
whether or not the financial service provider
or other person has been invited to attend the
inquiry.

(4) The F336[Bank] may adjourn
an inquiry from time to time and from place
to place, but if it does so it shall ensure that
the regulated financial service provider or
other person concerned is notified of the date,
time and place at which the inquiry is to be
resumed.

(5) The F336[Bank] may proceed
with an inquiry in the absence of the financial
service provider or other person concerned so
long as that financial service provider or person
has been given an opportunity to attend
the inquiry or to make written submissions to
it.
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